According to Santiment, social media sentiment suggests that the crypto market "isn’t scared enough" to call a bottom yet. Maksim Balashevich, founder of Santiment, indicated that Bitcoin is currently in a range where a drop below $75,000 is possible. The analysis focuses on gauging market sentiment to predict potential price movements in the cryptocurrency space. The development highlights the role of social media analysis in understanding market trends and potential turning points.

According to Santiment, social media sentiment suggests that the crypto market "isn’t scared enough" to call a bottom yet. Maksim Balashevich, founder of Santiment, indicated that Bitcoin is currently in a range where a drop below $75,000 is possible. The analysis focuses on gauging market sentiment to predict potential price movements in the cryptocurrency space. The development highlights the role of social media analysis in understanding market trends and potential turning points.